Develop LNG Business, PIS Signs MoU with Badak NGL

Jakarta, May 28, 2022 - PT Pertamina International Shipping (PIS) signed a memorandum of understanding (MoU) with PT Badak Natural Gas Liquefaction (PT Badak NGL) for the Liquified Natural Gas (LNG) business development.

Domestic LNG business potential continues to grow, starting from distribution for power generation needs, LNG needs in domestic refineries, industrial needs, to smelters.

PIS and Badak NGL cooperation agreement was signed by Business Planning Director of PIS, Wisnu Medan Santoso,and Director & CEO of PT Badak NGL, Gema IriandusPahlawan, on Tuesday, May 24, 2022.

The signing of this MoU consists of, but is not limited to:

1. Ship-shore Compatibility Study (SSCS) related to LNG distribution which is projected to transport LNG cargo from Bontang Terminal

2. Engineering Design (FEED), EPCC, Operation, and Maintenance Terminal/STS LNG or LPG

3. Green Terminal for SH IML's terminal development 

"As a form of commitment to continue expanding its business competence, PIS needs to expand in the control of LNG terminal technology by cooperating with a fellow PertaminaGroup company that is competent in the LNG business, PT Badak NGL. This is also in line with increasing the effectiveness and efficiency of compatibility between terminals and ships," said Acting Corporate Secretary of PIS, Roberth MV Dumatubun. 

In addition to encouraging synergies within the Pertamina Group, the development cooperation in the LNG and Green Terminal businesses is also following Pertamina'scommitment to implementing Environment, Sustainability, & Governance (ESG) to maintain business sustainability in the future. 

About PT Pertamina International Shipping (PIS)

As Subholding Integrated Marine Logistics, PT PertaminaInternational Shipping (PIS) continues to encourage economic growth in Indonesia with safe and sustainable operations, being a trusted and reliable maritime partner and creating value for stakeholders in running its business.